November 20, 20240 Comments

China funds cut ETF fees, escalating price war in booming market By Reuters

SHANGHAI/HONG KONG (Reuters) – Major Chinese fund companies announced a reduction in fees for a batch of equity exchange-traded funds (ETFs) on Wednesday, intensifying price competition in the rapidly expanding $400 billion sector of the market. The move to cut management and custodian fees came a day after Wu Qing, China’s chief securities regulator, pledged to encourage index investment and fund industry fee reform. ETFs – funds that typically track

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November 19, 20240 Comments

Car driven into crowd outside primary school in China

Multiple injuries are feared after a car was driven into a crowd of people outside a primary school in China’s souther Hunan province. There are no details of casualties yet but state media said “several students and adults were injured and fell to the ground”, and several people are in hospital. The driver of the vehicle – identified as a white SUV – was caught by parents and school security

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November 19, 20240 Comments

Popular weight-loss drug Wegovy goes on sale in China

Novo Nordisk has launched its weight-loss drug Wegovy in China after it was approved by local health authorities in June. It is set to intensify competition with rival Eli Lilly, whose popular weight-loss treatment also got the green light months ago but has yet to go on sale in the world’s second largest pharmaceutical market. More than 180 million people live with obesity in China. According to Chinese business news

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November 16, 20240 Comments

Top China influencer returns after three years

A Chinese influencer, with a huge global following and the approval of the Communist Party, has returned to the internet after a three-year hiatus. Famous for idyllic videos of life with her grandmother in a village in Sichuan province, the 34-year-old has released three videos since Tuesday – and they have millions of views already. Li first rose to fame in 2016 when China’s fast-growing social media users found comfort

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November 16, 20240 Comments

U.S. companies in the crosshairs if China retaliates to fight Trump

With President-elect Donald Trump‘s trade and foreign policy team taking a hawkish stance toward China, U.S. companies are increasingly concerned a hard-line approach could stunt their prospects in the world’s second-largest economy – and turn them into targets of Chinese retaliation. Trump has threatened to hit China with at least 60% tariffs and vowed to end reliance on the country. That alone would be disruptive. It would force companies to

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November 15, 20240 Comments

China megaport paves way into Latin America as wary US looks on

Reuters Peru’s new megaport is Chinese-built As the world waits to see how the return of Donald Trump will reshape relations between Washington and Beijing, China has just taken decisive action to entrench its position in Latin America. Trump won the US presidential election on a platform that promised tariffs as high as 60% on Chinese-made goods. Further south, though, a new China-backed megaport has the potential to create whole

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November 13, 20240 Comments

Deadly Zhuhai car attack sparks questions in China

A car attack that killed 35 people in China has sparked questions about a recent spate of public violence, as officials continue to censor discussion on the incident. On social media, many are discussing the social phenomenon of “taking revenge on society”, where individuals act on personal grievances by attacking strangers. Police said the driver who ploughed into crowds at a stadium in the southern city of Zhuhai on Monday

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